Castor Maritime (CTRM) stock forecast 2022-2025 As the stock is relatively new, there is not a great deal of analyst coverage on the CTRM stock price forecast. On 26 January the algorithm-driven forecasting service Wallet Investor gave a positive CTRM stock prediction, seeing the stock doubling in price to $2.9 by this time in 2023.
What happened to the Castor Maritime stock?
The Castor Maritime Inc. stock price gained 5.07% on the last trading day (Thursday, 30th Dec 2021), rising from $1.38 to $1.45. During the day the stock fluctuated 9.56% from a day low at $1.36 to a day high of $1.49. The price has been going up and down for this period, and there has been a -9.94% loss for the last 2 weeks.
When is Castor maritime's next quarterly earnings release?
Castor Maritime is scheduled to release its next quarterly earnings announcement on Tuesday, March 29th 2022. View our earnings forecast for Castor Maritime. How were Castor Maritime's earnings last quarter?
Is Castor maritime plc a good buy under $3?
The year hasn’t been quite so successful for its investors, however, with a muted stock performance. Castor Maritime shares have remained broadly flat at under $3 (£2.23) since the end of June despite the company announcing increased revenue and income.
Should I buy Castor Maritime stock?
Is Castor Maritime Inc. stock A Buy? The Castor Maritime Inc. stock holds several negative signals and despite the positive trend, we believe Castor Maritime Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Will CTRM stock go up tomorrow?
Tomorrow's movement Prediction of Castor Maritime Inc. CTRM as on 10 Jun 2022 appears undecisive. It can be Bearish or Bullish. You should wait for the first half to take a decision on this stock....Munafa value: 44 as on 10 Fri Jun 2022.Strong resistance4Weak support1.57Strong support1.487 more rows
What happened to my Castor Maritime stock on Robinhood?
Castor Maritime Stock Gets Delisted By Robinhood Alongside Gamestop. Popular stock trader and Barstool Sports owner Dave Portnoy calls for the arrest of wall street insiders after shares of stocks like Gamestop, AMC and NOKIA were delisted from Robinhood.
Is Castor Maritime being shorted?
Based on the recorded statements, Castor Maritime has 2.07 M of outstending shares currently sold short by investors. This is 33.36% lower than that of the Industrials sector and significantly higher than that of the Marine Shipping industry.
Will Ctrm ever recover?
If you are looking for stocks with good return, Castor Maritime Inc can be a profitable investment option. Castor Maritime Inc quote is equal to 1.460 USD at 2022-06-20. Based on our forecasts, a long-term increase is expected, the "CTRM" stock price prognosis for 2027-06-11 is 2.114 USD.
How many shares of castor Maritime are there?
Share StatisticsAvg Vol (3 month) 32.02MShares Outstanding 594.61MImplied Shares Outstanding 6N/AFloat 894.5M% Held by Insiders 10.12%7 more rows
Did Castor maritime do a stock split?
Castor Maritime (CTRM) has 1 split in our Castor Maritime stock split history database. The split for CTRM took place on May 28, 2021. This was a 1 for 10 reverse split, meaning for each 10 shares of CTRM owned pre-split, the shareholder now owned 1 share.
Why is castor Maritime stock up?
A global shipping company, Castor Maritime has benefited from leveraged exposure to sea freight, particularly during the last boom in freight prices. Supply chain bottlenecks remain, and shipping costs remain elevated.
Why did Castor maritime do a reverse split?
The Reverse Split Castor needed to make this move to keep its Nasdaq listing, as stocks must be above $1 to remain trading there. Additionally, a very low share price tends to scare off institutional investors.
What is Castor Maritime stock forecast?
Castor Maritime (CTRM) stock forecast 2022-2025 The site suggested that the stock could be a few cents shy of $4.7 in 2024, almost reach $6.5 by 2025, and be closing in on $8.2 a year later. A five year forecast for the stock, meanwhile, suggested it could be touching $9.96 by 2027.
How much debt does Castor Maritime have?
Announces $55.0 Million Debt Financing and New Charter Agreement.
Is Castor Maritime a real company?
Castor Maritime Inc. operates as a dry bulk shipping company. The Company focuses on growing its fleet through acquisitions of new and modern vessels.
How has Castor Maritime's stock price performed in 2022?
Castor Maritime's stock was trading at $1.42 on January 1st, 2022. Since then, CTRM stock has increased by 19.0% and is now trading at $1.69. View...
When is Castor Maritime's next earnings date?
Castor Maritime is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Cast...
How were Castor Maritime's earnings last quarter?
Castor Maritime Inc. (NASDAQ:CTRM) released its quarterly earnings data on Monday, May, 9th. The company reported $0.21 earnings per share for the...
When did Castor Maritime's stock split? How did Castor Maritime's stock split work?
Castor Maritime shares reverse split before market open on Friday, May 28th 2021. The 1-10 reverse split was announced on Friday, May 21st 2021. Th...
Who are Castor Maritime's key executives?
Castor Maritime's management team includes the following people: Mr. Petros Panagiotidis , Founder, Chairman, CEO, CFO, Pres & Treasurer (Age 32...
Who are some of Castor Maritime's key competitors?
Some companies that are related to Castor Maritime include Safe Bulkers (SB) , Diana Shipping (DSX) , Grindrod Shipping (GRIN) , Teekay (TK) ,...
What other stocks do shareholders of Castor Maritime own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Castor Maritime investors own include Ocugen (OCGN) , Top...
What is Castor Maritime's stock symbol?
Castor Maritime trades on the NASDAQ under the ticker symbol "CTRM."
Who are Castor Maritime's major shareholders?
Castor Maritime's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cresset Asset Managemen...
When will Castor Maritime reverse split?
Castor Maritime shares reverse split on the morning of Friday, May 28th 2021. The 1-10 reverse split was announced on Friday, May 21st 2021. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, May 27th 2021.
What is the P/E ratio of Castor Maritime?
The P/E ratio of Castor Maritime is 13.07, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 14.37.
Who sold CTRM stock?
CTRM stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, and Renaissance Technologies LLC.
Is there enough data for Castor Maritime?
There is not enough analysis data for Castor Maritime.
Does Castor Maritime pay dividends?
Castor Maritime does not currently pay a dividend.
Castor Maritime Inc Stock Forecast
Is Castor Maritime Inc Stock Undervalued? The current Castor Maritime Inc [ CTRM] share price is $1.65. The Score for CTRM is 32, which is 36% below its historic median score of 50, and infers higher risk than normal.
Castor Maritime Inc Stock Price History
The current trend is moderately bullish and CTRM is experiencing slight buying pressure.
Stock Predictions
Is Castor Maritime Inc stock public? Yes, Castor Maritime Inc is a publicly traded company.
How much did Castor Maritime stock fall in 2021?
The Castor Maritime Inc. stock price fell by -1.45% on the last day (Friday, 25th Jun 2021) from $2.75 to $2.71. and has now fallen 4 days in a row. During the day the stock fluctuated 3.70% from a day low at $2.70 to a day high of $2.80. The price has fallen in 9 of the last 10 days and is down by -21.45% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 4 million shares were bought and sold for approximately $11.14 million.
Is Castor Maritime Inc. a negative stock?
We therefore hold a negative evaluation of this stock.
Is Castor Maritime oversold?
Castor Maritime Inc. is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Is Castor Maritime Inc. stock A Buy?
Castor Maritime Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
How much did Castor Maritime make in 2021?
Investors in Castor Maritime (NASDAQ: CTRM) haven't had a pleasant past three months, as the stock has dropped almost 50% in that time. For the three months ended June 30, Castor Maritime earned $6.5 million, building on the $1.1 million profit it made in 2021's first quarter. GlobeNewswire • 10 days ago.
When will Castor take delivery of Magic Phoenix?
(NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that on October 26, 2021, it took delivery of M/V Magic Phoenix, the 2008 Japanese-built Panamax dry bulk carrier it had agreed to acquire as previously announced on August 26, 2021. The vessel acquisition was financed in its entirety with cash on hand. M/V Magic Phoenix has been fixed on a time charter contract at a gross daily c
What is the charter rate for the Magic Nebula?
The M/V Magic Nebula, a Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $31,750. The charter commenced on September 4, 2021, and has a minimum of six months and a maximum of eight months. The M/V Magic Moon, a Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $30,250. The charter commenced on August
Who bought Panamax?
Castor Maritime Inc (NASDAQ: CTRM) has agreed, through a subsidiary, to acquire a 2008 Japanese-built Panamax dry bulk carrier from an unaffiliated third party for a purchase price of $18.75 million. The delivery of the vessel is expected in 4Q21. The company expects to fund the vessel acquisition with cash on hand and cash flows generated from operations. Castor Maritime held cash and equivalents of $42.7 million as of June 30, 2021. Additionally, the M/V Magic Perseus has been fixed on a time
Is Castor a one person company?
While investors might be concerned Castor is heading the opposite way of the industry, there are bigger worries they should have. Castor is a one-person company with Petros Panagiotidis serving as chairman, CEO, CFO, and ultimately its sole employee. InvestorPlace • 23 days ago.
What happens if no one buys Petros?
If no one buys this scam, the Petros game ends. There are thousands of titles. Drop this and save what’s left!!!
What quarter is the negotiated contract?
negotiated contracts. They will be pulling in good bank and 3rd quarter
How much is Castor Maritime up in 2021?
Castor Maritime (NASDAQ: CTRM) gained 61% in February. In 2021, , it’s up 336%, but in the last month, it’s down 7%. Source: Shutterstock. The owner of 14 oceangoing cargo vessels has captured the imagination of Reddit investors everywhere.
Where Does Castor Maritime Stand?
Since the company announced its Q3 results on Nov. 11, it’s bought vessels almost daily. It’s issued a total of seven press releases since Jan. 1 announcing something to do with vessel acquisitions.
When will Castor's senior term loan maturity?
In January, Castor closed a $15.3 million senior term loan facility that comes with an interest rate of 3.3% plus LIBOR and matures in 2025. It will use the funds to buy more boats.
What happened to Castor Maritime stock?
It announced a ten-for-one reverse stock split that became effective on May 28. The stock fell on the reverse stock split announcement. However, it became a necessity for the company to meet the minimum listing requirements as the stock price was below $1.
How many vessels does Castor Maritime have?
Castor Maritime has been on an acquisition spree. The company has announced the acquisition of several vessels. It has a fleet of 26 vessels on a fully delivered basis, according to the most recent update, which is up four-fold from what it had at the end of 2020.
How much is CTRM net profit in 2021?
On June 3, CTRM released its earnings for the first quarter of 2021, which showed that it posted a net profit of $1.1 million in the quarter. In the first five months of 2021, it has raised $33.3 million as debt and $252.5 million as equity, which has helped fuel its expansion spree. Article continues below advertisement.
Is shipping down in May?
Shipping rates have come down after peaking in May. The fall in shipping rates is negative for the entire shipping industry including Castor Maritime. The rates still look high enough for shipping companies to make a decent profit in the near future.
Is Castor Maritime stock up in 2021?
Castor Maritime (CTRM) stock has been very volatile in 2021. It's still up 72 percent YTD even though it has dropped 83 percent from its 52-week highs. Is it too late to buy CTRM stock or should you add this penny shipping name to your portfolio?
Is Castor Maritime a penny?
Castor Maritime is a penny name that tends to be riskier and more volatile. The company’s acquisition efforts are bearing fruits and it turned profitable in the first quarter. CTRM could be a good way to play the current uptrend in the global economy.
